Intro – Self Reliance New York Federal Credit Union Reviews & Ranking
Self Reliance New York Federal Credit Union was recently ranked and reviewed by AdvisoryHQ as a top rated credit union. Firms on our top rated lists were selected after they successfully passed AdvisoryHQ’s ground-breaking, four-step banks and credit unions selection methodology.
Click here for a step-by-step breakdown of the methodology and selection process used during our Self Reliance New York Federal Credit Union review: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The review below provides a detailed assessment, including some of the factors used by AdvisoryHQ News in its ranking and selection of Self Reliance New York Federal Credit Union.
Self Reliance New York Federal Credit Union Review
Established in 1951 by a group of volunteers, Self Reliance New York Federal Credit Union is the oldest and largest Ukrainian credit union in the world.
It currently boasts more than 15,000 members and is held under the sponsorship of the New York Branch of the Selfreliance Association of American Ukrainians.
Self Reliance New York FCU exists to improve its members’ lives by promoting the financial security and well-being of its members — and through them, the Ukrainian-American community.
With more than a billion dollars in assets, it has the resources it needs to serve its members well and remain committed to its mission.
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms
Upon completing our detailed reviews, Self Reliance New York Federal Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors.
Self Reliance New York FCU Review: Mortgages
Self Reliance New York FCU offers a variety of mortgage types for their members to take advantage of. Their mortgages are available with both fixed and adjustable rates and terms, making it easy to fit into any budget.
Their mortgage rates are very competitive, with rates starting as low as 2.50%. Mortgages available from Self Reliance New York FCU include:
- 1 – 4 family dwelling – owner occupied with fixed or adjustable rate
- Cooperative/town home/condominium – fixed or adjustable rate
- Residential second mortgage
- Jumbo mortgages
- Commercial mortgages
- 5 – 8 family dwelling – owner occupied with fixed or adjustable rate
- 1 – 4 family dwelling – non-owner occupied with fixed or adjustable rate
Self Reliance New York FCU Review: IRAs
Self Reliance New York FCU offers several IRA options for members to choose from. IRAs can be a great way to stockpile money while earning dividends in the process.
It allows members to deposit money into their IRA at any time up to the IRS limits, making it easy for their members to build their funds as much as possible.
IRA types available from this credit union are:
- Traditional IRA: Contributions are tax-deductible and earnings grow tax-deferred
- Roth IRA: Contributions are taxed but tax-free withdrawals can be made for eligible reasons after five years
- Coverdell Education Savings Account: Non-deductible account that features tax-free withdrawals when used to pay for qualified education expenses
Photo courtesy of: Self Reliance New York Federal Credit Union
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Self Reliance New York FCU Review: High-Yield Savings Accounts
Self Reliance New York FCU has many savings account option to help members reach their financial goals. With five account types to choose from, there is truly something for everyone when it comes to saving and earning at Self Reliance New York FCU.
Available savings account types are:
- Regular Share account
- Sub Share account
- Share Draft account
- Business Draft account
- Money Market account
All savings accounts come with:
- Competitive dividend rates
- Dividends accrued daily
- ATM access to funds
All savings accounts offered feature no withdrawal limits or penalties (excluding a Money Market account).
A Sub Share account has no minimum balance requirement. A Regular Share account has a $50 minimum balance requirement, a Share Draft account requires a minimum of $500 in a Regular Share account, and a Business Draft account requires a minimum of $1,050 in a Regular Share account.
Dividends are posted quarterly for all accounts except the Money Market account, which is posted monthly.
Self Reliance New York FCU Review: Financial Calculators
Self Reliance New York FCU stays true to their name in that they want their members to have access to the resources they need in order to make educated financial decisions and become financially self-reliant.
In that vein, this credit union offers a number of incredibly helpful financial calculators on their website for free. With over 50 calculators to choose from, they provide everything members need to make smart financial decisions.
On the site, members can find calculators for everything from how much switching to bi-weekly payments can save them on their mortgage to how to save a million dollars to how to estimate how much their tax refund will be.
A host of calculators are available in the following categories:
- Auto
- Credit cards and debt management
- Insurance
- Loan
- Mortgage
- Personal finance
- Retirement savings and planning
- Savings
- Tax
In addition to the above Self Reliance New York Federal Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top credit unions:
AdvisoryHQ (AHQ) Disclaimer:
Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.
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